The Ethereum ecosystem has gained new momentum, and today more than 1.500.000 creative geniuses, technology experts, and business managers represent the faces behind the network. Today, the platform is spearheaded by Aya Miyaguchi in the presidency, Hsiao-Wei Wang and Tomasz Stańczak in the executive area and the former researcher of the pioneering organization in digital education Education First (EF) Danny Ryan, will lead part of the board of directors of the company Etherealize, which is responsible for creating integration tools for the use of this blockchain in various global financial markets.
Why is Ethereum second in the crypto world?
Ethereum is a blockchain that hosts its native cryptocurrency called Ether or ETH. By the last week of March, this digital asset surpassed $1 trillion in transactions over the past year.
However, the Ethereum network is much more than a blockchain for its native token. This platform offers countless applications in various areas. Being an ecosystem of decentralized finance or DeFi, allows anyone to create ERC-20 tokens for various uses such as trading grain, livestock, and other practical uses that are linked to prices in the market for tangible products.
Similarly, allows you to create NFTs or non-fungible tokens to have multiple uses in sectors such as art, ticketing, sports, smart contracts, and many others. In addition, Ethereum functions as a useful database. in any area that requires information storage. Medical, business, budget, and other files are stored on the blockchain.
However, Ethereum's main focus is on decentralized digital finance: ETH is used to pay for goods and services online and as an investment option to diversify financial product portfolios.
Vitalik Buterin, a young Ethereum pioneer
If we must talk about the people behind Ethereum we have to start with Vitalik Buterin, programmer who At just 21 years old, he created the blockchain. This, conceived in 2015, was a tool for developing decentralized applications, enabling collaborative transactions and executing smart contracts, among other functionalities.
New protagonists, new challenges
La Ethereum Foundation is a non-profit organization dedicated to supporting research and development of the Ethereum blockchain. In early March, it announced that Hsiao-Wei Wang and Tomasz Stańczak will serve as co-CEOsShortly before, it had been learned that Aya Miyaguchi, who had served in this position, went on to assume the role of president of the EF.
This restructuring with new protagonists It occurs in the midst of an active debate within the community about the role that the Ethereum Foundation has been playing in the ecosystem. The focus of the diatribe, and what some members have pointed out, is that both the organization and its leadership are responsible for the ETH token price underperforming other cryptocurrencies over the past five years. Furthermore, Ethereum has attracted fewer new developers with fresh visions of blockchain technology compared to Competitors like Cardano (ADA) and Solana (SOL).
Who are Wang and Stańczak?
Hsiao-Wei Wang has been part of Ethereum since 2017. Within the organization, this young woman played a key role in research. Her contributions to concepts such as sharding which is a mechanism designed to divide large databases into different servers to improve scalability in distributed systems.
He also made significant contributions to the major Ethereum upgrade, known as The Merge which enabled the transition of its Proof of Work consensus mechanism (Proof of Work, PoW) Proof of Stake (Proof of Stake, PoS). This change met the primary goal of making the network more energy-efficient, reducing its environmental impact, and improving its scalability.
This happens because the need for miners to validate is eliminated transactions through complex processes and enables validators, who are those who lock a certain amount of ETH tokens as collateral, to directly verify transactions. This raises the level of security of the ecosystem and raises the possibility of the future of speed, eco-friendly blockchain and scalabilityWang holds a Master's degree in Network Engineering from National Chiao Tung University in Taiwan.
For its part, Tomasz Stańczak is a developer and blockchain expert. who, before entering Ethereum, was founder of Nethermind, an organization that embodies one of the major clients operating on the Ethereum blockchain.
This creates tools and solutions to improve the performance of this network. Before this was part of Oil Protocol, company that is responsible for facilitating the execution of smart contracts. Similarly, it has contributed significantly to the development and growth of the Ethereum ecosystem thanks to his technical experience and leadership in blockchain-related projects.
As published the Ethereum Foundation on its website, The new managers align themselves with the challenges ahead: "In the coming years, the Ethereum ecosystem will face the challenge of evolving from an early-stage project to a robust, censorship-resistant, and permissionless base layer that serves the global financial and software landscape."
Ethereum and Wall Street
It wasn't just Wang and Stańczak who took up their new roles at Ethereum. Danny Ryan, former EF researcher, announced that he will be joining Etherealize. He will be in charge of coordinating a new project designed to bring you closer Ethereum to Wall Street.
Etherealize was founded by former banker Vivek Raman, who previously held executive positions on Wall Street for 10 years and who managed to bring traditional banking closer to the crypto ecosystem. One of the main Etherealize goals is to reduce the gap between Ethereum and mainstream financial institutions, promoting bank education and positioning ETH as a relevant crypto asset.
